Save Article

New York Drops Claim for Damages Against Greenberg

By

Leslie Scism

April 25, 2013 8:43 p.m. ET

New York's attorney general's office has advised the state's highest court that it is dropping its claim for potentially billions of dollars in damages in an eight-year-old civil-fraud case against former American International Group Inc. chief Maurice "Hank" Greenberg and another former executive, according to a letter dispatched Thursday.

The decision follows a federal judge's approval this month of a $115 million settlement with shareholders that covers the same two accounting issues that are the basis of the state's...